Economy October 18, 2016 | 9:55 am

Buy car in DR

After nixing tax-free fuel for transport sector, Gov. hits the brake

Santo Domingo.- The government will noteliminate other tax breaks for fuel, as requestedby some transport sector leaders who won’t get the benefit any longer, but affirmedthat all beneficiary companies will be monitored, and the tax collection mechanismwill be regulated

Finance minister Donald Guerrero made thestatement on Monday, referring to executive order No. 275-16 of October 14,which regulates tax levies on all fossil fuels and petroleum products.

After meeting with Budget director LuisReyes, other officials and technicians of the bicameral commission that studiedthe bill for the RD$711.4 billion Budget, Guerrero said to eliminate tax breaksfor fuels provided to other companies, some laws that consign those benefits wouldhave to be amended.

He said the budget left the laws or specificbenefits to the various economic sectors untouched, and what the Government hasdone is regulate them through the reimbursement mechanism which Law 253-12stipulates.

When asked which companies get those taxbreaks, Guerrero answered: "What are these companies?"

He called them "complaints in theair" and ensured government transparency.

He cited Barrick Pueblo Viejo as a miner witha concession contract negotiated to receive tax-free fuel, which will bemonitored according to the executive order.

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